Twisted Company owns and operates a small chain of pretzel stands located near colleges and universities. Twisted has experienced significant growth in recent years. The following data are available for Twisted:
Twisted Company
Consolidated Income Statements
(In thousands)

Twisted Company
Consolidated Balance Sheets
(In thousands)

Required:
1. Determine how much Twisted's sales, net income, and assets have grown during these 3 years.
2. Explain how Twisted has financed the increase in assets.
3. Determine whether Twisted's liquidity is adequate.
4. Explain why interest expense is growing.
5. If Twisted's sales grow by 25% in 2020, what would you expect net income to be?
6. If Twisted's assets must grow by 25% to support the 25% sales increase and if 50% of net income is paid in dividends, how much capital must Twisted raise in 2020?